The International Monetary Fund (IMF) approved a $US6.64billion bailout loan on September 4 to increase Pakistan’s foreign exchange reserves. In exchange, it demanded strict austerity measures that will devastate the living conditions of workers and the poor. The cash-strapped Pakistan Muslim League (PML) government of Prime Minister Nawaz Sharif has promised to implement all the … Continue reading IMF Imposes Stringent Austerity Measures on Pakistan